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It isn't about "someone has more than you". There used to be a belief that the rising tide of technology would lift all boats. What we have seen over the last
by slg 5y ago
It isn't about "someone has more than you". There used to be a belief that the rising tide of technology would lift all boats. What we have seen over the last few decades is that most (although not all) value of the productivity bonuses that technology provides has largely been captured by the people who own the capital. Instead of seeing middle class wage increases, shorter work weeks, more vacation time, or any real improvements to the working life of much of the population, we get smartphones and everything else goes to billionaires.
Even the 4 day work week which I have seen popping up on HN recently is often discussed in terms of how it improves productivity. It is less whether it is good for society and instead whether it is good for the bosses.
- nextlevelwizard 5y ago>There used to be a belief that the rising tide of technology would lift all boats. > What we have seen over the last few decades is that most (although not all) value of the productivity bonuses that technology provides has largely been captured by the people who own the capital. You debunked yourself in two sentences. Again just because someone is benefiting more than you doesn't mean you are also not benefiting. You can yell "eat the rich" all you want and how we should "get rid of billionaires", but fact remains that these people have the money for a reason and it is not that they inherited it from some old exploitation of people as many like to say. Is it OK that Jeff has more money than God? Probably not, but are you really going to argue that he hasn't earn it? It would be lovely if Jeffy-boy would donate more to good causes, but this is more a symptom of how corrupt US government is (that he can mass this amount of wealth and pay zero taxes).